Teamshares (Nasdaq:TMS), a tech-enabled acquiror of SMEs, completed its business combination with Live Oak Acquisition Corp V (LOKV) on June 19, 2026.
Common stock and warrants are expected to begin trading on Nasdaq June 23, 2026 under new ticker symbols TMS and TMSWW, replacing LOKV and LOKVW. The entry into public markets was anchored by a $126.5 common equity PIPE led by accounts advised by T. Rowe Price Investment Management, with additional institutional and management participation.
Teamshares (TMS), a tech-enabled acquiror of SMEs, completed its previously announced business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV) after shareholder approval on June 16, 2026.
Teamshares also received $126.5 million in additional capital through a concurrent common stock PIPE from institutional investors and certain management members, with multiple legal and financial advisors supporting the transaction.
Teamshares (Nasdaq: TMS) announced that shareholders of Live Oak Acquisition Corp V approved the proposed business combination at an extraordinary general meeting. The transaction is expected to close in the coming week, subject to customary conditions, after which the combined company will be named Teamshares Inc.
Upon closing, Live Oak shareholders will hold shares and/or warrants in Teamshares Inc., expected to trade on Nasdaq under ticker symbols TMS for common stock and TMSWW for warrants.